Common use of Letter of Credit Commitment Clause in Contracts

Letter of Credit Commitment. From time to time on any Business Day occurring from the Effective Date until the Letter of Credit Commitment Termination Date, the Issuer agrees that it will (a) issue one or more standby letters of credit (relative to such Issuer, its “Letter of Credit”) for the account of the Borrower (which can be issued in the name of a Subsidiary) in the Stated Amount requested by the Borrower on such day; or (b) extend the Stated Expiry Date of an existing standby Letter of Credit previously issued hereunder. No Issuer shall be permitted or required to issue any Letter of Credit if, after giving effect thereto, (i) the aggregate amount of all Letter of Credit Outstandings would exceed the Letter of Credit Commitment Amount or (ii) the aggregate amount Credit Exposures of all Lenders would exceed the lesser of (A) the existing Loan Commitment Amount or (B) the Borrowing Base then in effect. The parties acknowledge and agree that the outstanding letter(s) of credit issued pursuant to the Existing First Lien Credit Agreement (which outstanding letter(s) of credit are in an aggregate face amount of $5,000,000) shall be deemed to be Letter(s) of Credit issued hereunder and subject to the terms hereof, but otherwise having the same issuer(s), face amount, maturity date and general terms as previously specified in such outstanding letter(s) of credit.

Letter of Credit Commitment. Each of the parties hereto acknowledges and agrees that the Existing Letters of Credit shall continue as Letters of Credit for all purposes under this Agreement and the Loan Documents. From time to time on any Business Day occurring from the Effective Closing Date until but three days prior to the Letter of Credit Revolving Loan Commitment Termination Date, the relevant Issuer agrees that it will: (a) issue one or more standby letters of credit or commercial letters of credit (relative to such Issuer, its “Letter of Credit”) in Dollars or in an Alternate Currency for the account of any Borrower or any Subsidiary (in which case the Borrower (which can be issued in the name Company shall also have reimbursement obligations relating to such Letters of a SubsidiaryCredit) in the Stated Amount requested by the applicable Borrower on such day; or (b) extend the Stated Expiry Date of an existing standby Letter of Credit previously issued hereunder. No Issuer shall be permitted or required to issue any Letter of Credit if, after giving effect thereto, (i) the Dollar Equivalent (determined as of the most recent Revaluation Date) of the aggregate amount of all Letter of Credit Outstandings would exceed the then existing Letter of Credit Commitment Amount or (ii) the sum of the aggregate amount Credit Exposures of all Lenders Letter of Credit Outstandings plus the aggregate principal amount of all Revolving Loans and Swingline Loans then outstanding would exceed the lesser of (A) the then existing Revolving Loan Commitment Amount or (B) the Borrowing Base then in effect. The parties acknowledge and agree that the outstanding letter(s) of credit issued pursuant to the Existing First Lien Credit Agreement (which outstanding letter(s) of credit are in an aggregate face amount of $5,000,000) shall be deemed to be Letter(s) of Credit issued hereunder and subject to the terms hereof, but otherwise having the same issuer(s), face amount, maturity date and general terms as previously specified in such outstanding letter(s) of creditAmount.

Letter of Credit Commitment. Each of the parties hereto acknowledges and agrees that the Existing Letters of Credit shall continue as Letters of Credit for all purposes under this Agreement and the Loan Documents. From time to time on any Business Day occurring from the Second Restatement Effective Date until but 3 days prior to the Letter of Credit Extended Revolving Loan Commitment Termination Date, the relevant Issuer agrees that it will: (a) issue one or more standby letters of credit (relative to such Issuer, its “Letter of Credit”) in Dollars or in an Alternate Currency for the account of the any Borrower (which can be issued in the name of a Subsidiary) or any Subsidiary Guarantor in the Stated Amount requested by the applicable Borrower on such day; or (b) extend the Stated Expiry Date of an existing standby Letter of Credit previously issued hereunder. No Issuer shall be permitted or required to issue any Letter of Credit if, after giving effect thereto, (i) the Dollar Equivalent (determined as of the most recent Revaluation Date) of the aggregate amount of all Letter of Credit Outstandings would exceed the then existing Letter of Credit Commitment Amount or (ii) the sum of the aggregate amount Credit Exposures of all Lenders Letter of Credit Outstandings plus the aggregate principal amount of all Revolving Loans and Swing Line Loans then outstanding would exceed the lesser of (A) the then existing Revolving Loan Commitment Amount or (B) the Borrowing Base then in effect. The parties acknowledge and agree that the outstanding letter(s) of credit issued pursuant to the Existing First Lien Credit Agreement (which outstanding letter(s) of credit are in an aggregate face amount of $5,000,000) shall be deemed to be Letter(s) of Credit issued hereunder and subject to the terms hereof, but otherwise having the same issuer(s), face amount, maturity date and general terms as previously specified in such outstanding letter(s) of creditAmount.

Letter of Credit Commitment. From time to time on any Business Day occurring from the Effective Date until the Letter of Credit Commitment Termination Date, the Issuer agrees that it will (a) issue one or more standby letters of credit (relative to such Issuer, its “Letter of Credit”) for the account of the Borrower (which can be issued in the name of a Borrowing Base Subsidiary) in the Stated Amount requested by the Borrower on such day; or (b) extend the Stated Expiry Date of an existing standby Letter of Credit previously issued hereunder. No Issuer shall be permitted or required to issue any Letter of Credit and no Lender is required to purchase a participation in such Letter of Credit if, after giving effect thereto, (i) the aggregate amount of all Letter of Credit Outstandings would exceed the Letter of Credit Commitment Amount or (ii) the aggregate amount of Credit Exposures of all Lenders would exceed the lesser lowest of (A) the existing Loan Commitment Amount or (B) the Borrowing Base then in effect. The parties acknowledge and agree that the outstanding letter(s) of credit issued pursuant to the Existing First Lien Credit Agreement (which and outstanding letter(s) as of credit are in an aggregate face amount of $5,000,000) the Closing Date, if any, shall be deemed to be Letter(s) of Credit issued hereunder and subject to the terms hereof, but otherwise having the same issuer(s), face amount, maturity date and general terms as previously specified in such outstanding letter(s) of credit.

Letter of Credit Commitment. From time to time on any Business Day occurring from the Effective Date until the Letter of Credit Commitment Termination Date, the each Issuer agrees that it will (a) issue one or more standby letters of credit (relative to such Issuer, its “Letter of Credit”) for the account of the Borrower (which can be issued in the name of a Subsidiary) in the Stated Amount requested by the Borrower on such day; or (b) extend the Stated Expiry Date of an existing standby Letter of Credit previously issued hereunder. No Issuer shall be permitted or required to issue any Letter of Credit and no Lender is required to purchase a participation in such Letter of Credit if, after giving effect thereto, (i) the aggregate amount of all Letter of Credit Outstandings would exceed the Letter of Credit Commitment Amount or (ii) the aggregate amount of Credit Exposures of all Lenders would exceed the lesser of (A) the existing Loan Commitment Amount or (B) the Borrowing Base then in effect. No Issuer shall be required to issue any Letter of Credit if, after giving effect thereto, such Issuer’s Letter of Credit Outstandings would exceed $125,000,000. The parties acknowledge and agree that the outstanding letter(s) of credit issued pursuant to the Existing First Lien Credit Agreement (which and outstanding letter(s) as of credit are in an aggregate face amount of $5,000,000) the Closing Date shall be deemed to be Letter(s) of Credit issued hereunder and subject to the terms hereof, but otherwise having the same issuer(s), face amount, maturity date and general terms as previously specified in such outstanding letter(s) of credit.

Letter of Credit Commitment. (a) From time to time on any Business Day occurring from prior to the Effective Date until the Letter of Credit Commitment Termination Date, the Issuer agrees that it will (ai) issue one or more standby letters of credit (relative to such Issuer, its “a "Letter of Credit”") for the account of the applicable Borrower (which can be issued in the name of a Subsidiary) or any Subsidiary Guarantor in the Stated Amount requested by the such Borrower on such day; or (bii) extend the Stated Expiry Date of an existing standby Letter of Credit previously issued hereunder. No Stated Expiry Date shall extend beyond the earlier of (i) the Commitment Termination Date and (ii) unless otherwise agreed to by the Issuer in its sole discretion, one year from the date of such extension. The Issuer shall not be permitted or required to issue any Letter of Credit if, after giving effect thereto, (i) the aggregate amount of all Letter of Credit Outstandings would exceed the Letter of Credit Commitment Amount or (ii) the sum of the aggregate amount Credit Exposures of all Lenders Letter of Credit Outstandings plus the aggregate principal amount of all Loans then outstanding would exceed the lesser of (A) the existing Revolving Loan Commitment Amount or Amount. (Bb) For rights, remedies and indemnifications contained related to Letters of Credit, the Borrowing Base then in effect. The parties acknowledge and agree that the outstanding letter(s) of credit issued pursuant term "Issuer" as used herein shall also be deemed to include CSFB with respect to but limited to the Existing First Lien Credit Agreement (which outstanding letter(s) Letters of credit are in an aggregate face amount of $5,000,000) shall be deemed to be Letter(s) of Credit issued hereunder and subject to the terms hereof, but otherwise having the same issuer(s), face amount, maturity date and general terms as previously specified in such outstanding letter(s) of creditCredit.

Letter of Credit Commitment. Each of the parties hereto acknowledges and agrees that the Existing Letters of Credit shall continue as Letters of Credit for all purposes under this Agreement and the Loan Documents. From time to time on any Business Day occurring from the Effective Closing Date until but three days prior to the Letter of Credit Revolving Loan Commitment Termination Date, the relevant Issuer agrees that it will: (a) issue one or more standby letters of credit (relative to such Issuer, its “Letter of Credit”) in Dollars or in an Alternate Currency for the account of any Borrower or any Subsidiary (in which case the Borrower (which can be issued in the name Company shall also have reimbursement obligations relating to such Letters of a SubsidiaryCredit) in the Stated Amount requested by the applicable Borrower on such day; or (b) extend the Stated Expiry Date of an existing standby Letter of Credit previously issued hereunder. No Issuer shall be permitted or required to issue any Letter of Credit if, after giving effect thereto, (i) the Dollar Equivalent (determined as of the most recent Revaluation Date) of the aggregate amount of all Letter of Credit Outstandings would exceed the then existing Letter of Credit Commitment Amount or (ii) the sum of the aggregate amount Credit Exposures of all Lenders Letter of Credit Outstandings plus the aggregate principal amount of all Revolving Loans and Swing Line Loans then outstanding would exceed the lesser of (A) the then existing Revolving Loan Commitment Amount or (B) the Borrowing Base then in effect. The parties acknowledge and agree that the outstanding letter(s) of credit issued pursuant to the Existing First Lien Credit Agreement (which outstanding letter(s) of credit are in an aggregate face amount of $5,000,000) shall be deemed to be Letter(s) of Credit issued hereunder and subject to the terms hereof, but otherwise having the same issuer(s), face amount, maturity date and general terms as previously specified in such outstanding letter(s) of creditAmount.